Lake of the Woods, IL Real Estate
According to census data in the year 2000 there were 1,288 housing units in Lake of the Woods.
This represents a 19.5% growth from 1,078 in 1990.
Of those housing units, 1,235 were located in either urbanized areas or urban clusters, and 53 were located in what is classified as a rural area.
Homeownership rate in Lake of the Woods is about 83.3%.
Lake of the Woods's vacancy rate, including seasonal lodging, is about 12.3%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Lake of the Woods were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.20% |
| Two Bedrooms | 29.90% |
| Three Bedrooms | 56.80% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $105,700 |
| Median Price asked for vacant units | $125,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 69.50% |
| Debt Free | 14.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
